Official Update in the Ripple Vs. SEC Lawsuit: Is Settlement Next?
TL;DR
- Although Ripple’s CEO has already declared a victory in the legal battle between his company and the US SEC, the actual closure is not yet official.
- However, it seems even closer now as a recent joint motion by both parties was granted.
Defense lawyer James K. Filan published the order from the United States Court of Appeals for the Second Circuit, which acknowledged and granted the joint motion filed by both Ripple and the SEC last week. Recall that the due requested a pause on their individual appeals.
While this moves the case one inch closer to an official conclusion, the US securities watchdog is yet to make a statement. Moreover, Filan informed that the agency has been directed to file a status report on its legal case activities within 60 days of today’s order.
#XRPCommunity #SECGov v. #Ripple #XRP The parties’ joint motion to hold the appeal in abeyance has been granted. The @SECGov is directed to file a status report within 60 days of this Order. pic.twitter.com/mUgEBaJRuU
— James K. Filan (@FilanLaw) April 16, 2025
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Official Update in the Ripple Vs. SEC Lawsuit: Is Settlement Next?
TL;DR
- Although Ripple’s CEO has already declared a victory in the legal battle between his company and the US SEC, the actual closure is not yet official.
- However, it seems even closer now as a recent joint motion by both parties was granted.
Defense lawyer James K. Filan published the order from the United States Court of Appeals for the Second Circuit, which acknowledged and granted the joint motion filed by both Ripple and the SEC last week. Recall that the due requested a pause on their individual appeals.
While this moves the case one inch closer to an official conclusion, the US securities watchdog is yet to make a statement. Moreover, Filan informed that the agency has been directed to file a status report on its legal case activities within 60 days of today’s order.
#XRPCommunity #SECGov v. #Ripple #XRP The parties’ joint motion to hold the appeal in abeyance has been granted. The @SECGov is directed to file a status report within 60 days of this Order. pic.twitter.com/mUgEBaJRuU
— James K. Filan (@FilanLaw) April 16, 2025
The post Official Update in the Ripple Vs. SEC Lawsuit: Is Settlement Next? appeared first on CryptoPotato.
Read More